travelingpm
Long

Gold - Medium-Term Forecast

FX:XAUUSD   Gold Spot / U.S. Dollar
204 4 6
This is my best guess at the price action of gold             over the next 4 months.

Key Level
1172.65
(breaks and we go to 1 on the weekly fibo-fan level - year end)
(bounces and we go back to the weekly 1.236 fibo-fan level - March 2017)
We bounced from the 1172 level...happened a lot faster than expected, but we may see a retest today.
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@Parabolica, Nice Charts! I assume your targeting 1120? This is style is still a bit new for me.
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